Spin Master Corp : Purchase price includes up to US$8.5 million payable over 4 years based on Swimways' sales growth . Spin Master Corp says transaction was financed through spin master's existing credit facility . Purchase price for transaction will be satisfied by US$85 million in cash on closing, less an escrow for possible adjustments . Spin master corp says purchase price for transaction will be satisfied by US$85 million in cash on closing . Spin Master Corp says Swimways will operate as a stand -alone subsidiary within Spin Master group .Announces acquisition of Swimways Corporation and establishment of outdoor business segment.
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